By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen as the gold standard in…
(Reuters) -Delta Air Lines said on Thursday it was seeing an improvement in third-quarter unit revenue trends, citing strength in travel demand and moderating capacity across the industry. The airline also said it was expecting its third-quarter profit per share to be in the top end of its previous forecast range of $1.70 to $2.00,…
By Joe Brock and Allison Lampert SEATTLE (Reuters) – Boeing’s U.S. West Coast factory workers will vote on a much-criticized new contract and a possible strike on Thursday, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike starting on Friday would be a big early blow…
By David Lawder WASHINGTON (Reuters) -The U.S. budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the Treasury Department said on Thursday, as annual interest costs on the public debt topped $1 trillion for the first time. The Treasury said the fiscal 2024 deficit through August was up 24%…
(Reuters) -Republican Donald Trump said on Thursday he would not participate in another presidential debate against his Democratic rival Kamala Harris ahead of the Nov. 5 election, as several polls showed that she beat him. “THERE WILL BE NO THIRD DEBATE!” the former president wrote on social media site Truth Social, after participating in a…
By Seher Dareen and Vallari Srivastava (Reuters) – U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and power infrastructure across the U.S. are becoming increasingly vulnerable as the grid…
(Reuters) -AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on Wednesday, a move that would fortify its status as one of the biggest startups in the world. The company is discussing raising $6.5 billion from investors, the report said, citing people familiar with the matter,…
SAO PAULO (Reuters) -Amazon’s cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country, it said on Wednesday. The resources will be used to “expand, build, connect, operate and maintain data centers in Brazil,” the firm said in…
MOSCOW (Reuters) – A spacecraft carrying an American astronaut and two Russian cosmonauts took off from the Baikonur cosmodrome in Kazakhstan late on Wednesday evening and docked with the International Space Station (ISS). The Soyuz MS-26 spacecraft was carrying NASA astronaut Don Pettit and Russians Alexey Ovchinin and Ivan Vagner. Russian news agencies, referring to…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is probably not enough to warrant a half-percentage-point interest rate cut by the Federal Reserve this month. The larger-than-expected decline in unfilled jobs shown in the…
